What's Covered?

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Notice: The Government of Canada has
approved changes to the CDIC Act to modernize and enhance CDIC deposit protection. These changes will be reflected on this website when they take effect. Until then, current coverage rules apply.

We insure eligible deposits at each member institution up to a maximum of $100,000 (principal and interest combined) per depositor per
insured category.

To be eligible for deposit insurance, deposits must be payable in Canada and in
Canadian currency. We do not cover foreign currency deposits including
US dollars.

Eligible deposits include:

Savings accounts

Chequing accounts

Term deposits, (such as
GICs) with original terms to maturity of five years or less

Debentures issued to evidence deposits by
CDIC member institutions (other than banks)